South Tyneside businesses get £17m in grants to support them through the Covid-19 outbreak
In response to the Covid-19 pandemic many businesses have been forced to scale back staff, reduce operations or temporarily close.
To lend a hand, South Tyneside Council recently set up a dedicated hub to help local firms unlock Government grants and other vital financial aid.
Advertisement
Hide AdAdvertisement
Hide AdAfter contacting all eligible businesses in the borough, the local authority has made payments of one-off grants to 1,480 firms which made applications online.
Leader of South Tyneside Council, Coun Iain Malcolm, said financial support and advice is vital to help protect businesses across the borough.
“The business community is facing profound challenges currently and we have been doing all we can to support our local firms,” he said.
“We know that swift action is vital to support cash flow and protect jobs and we’ve been focusing on making sure help gets to those who need it, as quickly as possible.
Advertisement
Hide AdAdvertisement
Hide Ad“The team at the hub has been providing businesses with the advice and targeted support they need and are entitled to, to protect their livelihoods.
“They’ve been working hand-in-hand to help them access any financial assistance which will allow them to continue to operate through this crisis and beyond.”
There is a range of financial support available, including a £10,000 payment to small businesses in receipt of Small Business Rates Relief or Rural Rates Relief as of March 11.
Care Outcomes, a home healthcare service based at Boldon Business Park, is one such business.
Advertisement
Hide AdAdvertisement
Hide AdDirector Jo Ivison said: “This will make such a difference to allow us to continue supporting the vulnerable within our communities.”
Many other businesses have contacted the team to say thank you for its help in accessing help quickly.
Joyce Scott, Director of Hebburn-based Monarch Home Improvements, said: “Just want to thank you so much for all your help and support in these very worrying times – our grant arrived into our bank very swiftly without any problems at all and for that we would like to commend you all.”
All businesses that would have been in receipt of the Expanded Retail Discount – which covers retail, hospitality and leisure – on March 11, are entitled to a grant.
Advertisement
Hide AdAdvertisement
Hide AdBusiness rates for this financial year have been waived for those in receipt of small business rate relief and all businesses within the retail, hospitality and leisure sector.
Coun Malcolm added: “Our businesses, large and small are the backbone of our economy and vital to the prosperity of the borough and we are doing all we can to help them through these extremely challenging times.”
The Business Hub can be contacted on 0191 481 3456 or by email at [email protected].
For further information about available support, visit https://www.businesssupport.gov.uk/coronavirus-business-support